Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed merger.

Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,

Nippon Steel Corp offered to give the US government a veto over any reduction in US Steel Corp’s production capacity in a proposal that marks a last-ditch effort to win President Joe Biden’s approval for its takeover of the iconic American company,

Japan's Nippon Steel is aiming to gain U.S. approval for its bid to acquire U.S. Steel by proposing veto power for the U.S. government over production capacity cuts. President Biden must approve the deal by January 7 or it will be automatically permitted.

By bno - Taipei Office Japan’s leading steel producer, Nippon Steel Corp., has pledged not to reduce output capacity at United States Steel Corp's mills for a decade, according to Kyodo News, The move comes as part of its latest proposal to appease US authorities as Nippon Steel aims to secure approval for its acquisition of the struggling